The forms further show that the secret money network, managed by Washington, D.C.-based consulting firm Arabella Advisors, pushed an astounding $896 million in contributions and grants to liberal groups last year.
The Arabella-managed network has solidified how Democrats quietly benefit from massive amounts of anonymous donations as they simultaneously rail against the influence of dark money in the political sphere.
Each of the funds acts as a fiscal sponsor to other liberal nonprofits, meaning they provide their tax and legal status to the nonprofits housed beneath the funds. This arrangement allows the fiscally sponsored groups to avoid filing tax forms to the IRS, which would shed light on their financials.
The funds do not disclose donors on their tax forms.
"Arabella is proud to work for these nonprofits, providing HR, legal, payroll, and other administrative services," Steve Sampson, spokesperson for Arabella Advisors, told Fox News. "They make their own decisions on their strategy, programmatic work, and fundraising."
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The Arabella-managed network has solidified how Democrats quietly benefit from massive amounts of anonymous donations as they simultaneously rail against the influence of dark money in the political sphere.
Each of the funds acts as a fiscal sponsor to other liberal nonprofits, meaning they provide their tax and legal status to the nonprofits housed beneath the funds. This arrangement allows the fiscally sponsored groups to avoid filing tax forms to the IRS, which would shed light on their financials.
The funds do not disclose donors on their tax forms.
"Arabella is proud to work for these nonprofits, providing HR, legal, payroll, and other administrative services," Steve Sampson, spokesperson for Arabella Advisors, told Fox News. "They make their own decisions on their strategy, programmatic work, and fundraising."
Liberal dark money juggernaut raises $1.6 billion to flood left-wing groups with cash, tax forms reveal
Arabella Advisors-managed funds raked in $1.6 billion for left-wing groups and causes in 2020.
